H.R.3393 - Student and Family Tax Simplification Act--The Only Thing Simple About the Bill was that Paul Cook's Misguided Vote Increases the Deficit & It Screws Non-Traditional Students & Graduate Students

The American Council on Education (ACE), the umbrella lobbying group for higher education, opposed the so called "Higher Education Tax Credits" bill.
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ACE said that the House proposal to consolidate tax credits and eliminate some credits and deductions would disproportionately hurt nontraditional students who take advantage of the Lifetime Learning Credit. It would also take away benefits for graduate students.
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Steven Bloom, ACE's group’s director of federal relations, said in an interview. “If you’re going to fix these credits and deductions -- which you don’t get a chance to do very often -- you need to make sure you address the needs of students now and in the future, keeping in mind the way the demographics of student populations are changing.”
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The legislation cleared the House on a 227-187 vote. House Democrats and the White House opposed the bill because they said it would add to the deficit and was not offset by increases in revenue elsewhere in the federal budget. It is not expected to gain much traction in the Democrat-controlled Senate.

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Bob Conaway challenged "Cook to get with the 21st Century and recognize many people, even with degrees, are going to non traditional job focused education and due to the changing technologies & communications demands in our time, going to grad schools for not just enrichment, but staying relevant and qualified for job market changes--a clearly bad vote".
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Read more: http://www.insidehighered.com/news/2014/07/25/us-house-votes-change-college-tax-breaks-boost-student-loan-counseling#ixzz38ni0Gt3e
Inside Higher Ed

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Message prepared by candidate
Bob Conaway for Congress (CA-08)

12127 Mall Blvd, Suite A-363

Victorville CA 92392

Contact No. (760) 617-8305

           BobConawayforCongress.blogspot.com

FOR IMMEDIATE RELEASE from BOB CONAWAY for CONGRESS campaign [PRESS RELEASE # 4] -PAUL COOK's VOTES on HR 4453 & HR 4457 ARE TWO MORE EXAMPLES of CORPORATE WELFARE HE SUPPORTS-shame on him!!

Congressman Paul Cook voted yes on H.R. 4453 which extends the reduced recognition period for built-in gains of S corporations and also includes language on charitable contributions (which allows for fatter tax deductions in a shorter period of time) AND he voted yes on H.R. 4457 related to expensing limitations under section 179 of the Internal Revenue Code (same type of bigger payday).  Sounds good? Nah!
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This vote was reported in a press release and newsletter like it was a  accomplishment for the republican freshman.
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There is a big problem-- Neither measure is offset. What this will mean is more social security office closures, more funding cuts to veterans and to our nation's children's programs to pay for the latest edition of Paul Cook's "corporate welfare".

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In 2011, states like California lost approximately $39.8 billion in tax revenues from corporations and wealthy individuals who sheltered money in foreign tax havens due to sweetheart tax legislation. No big deal? Well consider that $39.8 billion would also cover education costs for more than 3.7 million children for one year.This sum is also roughly equivalent to total state and local expenditures on firefighters ($39.7 billion) or on parks and recreation ($40.6 billion) in FY 2008.
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Federal policymakers must crack down on tax cut abuses--instead Cook cooks the books for corporate special interests again and will now force Congress to find programs to cut to fund this latest give-away. We need to end the corporate give aways by retiring Paul Cook in November.

Message prepared by candidate
Bob Conaway for Congress (CA-08)

12127 Mall Blvd, Suite A-363

Victorville CA 92392

Contact No. (760) 617-8305